Hybrid work patterns, vacancy concerns push office utilization efforts

According to CBRE's 2024 survey, 64% of companies have reached steady office utilization levels, up significantly from 43% in 2022, highlighting a major adaptation to hybrid work.

Moody's Analytics reported that U.S. office vacancy rates have hit a historic 20.1%, indicating a significant shift in the demands and utilization patterns in the office sector.

Smaller companies are expected to significantly boost leasing as larger firms offload excess space, showcasing a decisive change in office demand driven by size and capability.

As the demand for tech-enabled spaces rises, building operators and tenants are focusing on hybrid environments to improve their office planning and utilization strategies.

Read at Facilities Dive